Economy

WASHINGTON (Reuters) – Cuts in funding for the Internal Revenue Service, long eyed by Republicans in Congress, would increase the federal deficit by $140 billion over a decade, slow service…

By Laura Matthews and Saqib Iqbal Ahmed NEW YORK (Reuters) – Multinational companies are beefing up their foreign exchange hedging strategies to guard their overseas earnings from larger currency swings…

By Sarah Morland MEXICO CITY (Reuters) – Financial analysts on Tuesday reacted to a threat from U.S. President-elect Donald Trump to impose 25% tariffs on top trade partners Mexico and…

By Jan Strupczewski BRUSSELS (Reuters) -France’s draft 2025 budget and medium-term plan to bring down public debt are in line with EU rules and credible, while spending plans of the…

By Promit Mukherjee and David Ljunggren OTTAWA (Reuters) -The Bank of Canada said on Tuesday that if U.S. President-elect Donald Trump follows through on his threat of tariffs on Canada,…

WASHINGTON (Reuters) – Sales of new U.S. single-family homes dropped to the lowest level in nearly two years in October, likely as a rise in mortgage rates drove buyers to…

BERLIN (Reuters) – German Economy Minister Robert Habeck wants to change the European Union’s laboriously negotiated debt rules, calling them “a security risk” because they are preventing much-needed spending on…

OTTAWA (Reuters) -Prime Minister Justin Trudeau on Tuesday said he would meet the premiers of Canada’s 10 provinces this week to discuss U.S. relations, a day after President-elect Donald Trump…

Investing.com — President-elect Donald Trump pledged on Monday to impose significant tariffs on the United States’ top three trading partners—Canada, Mexico, and China—outlining measures that could escalate into trade disputes.…